Why is COBOL still a preferred language in the business world?

Posted by equilibrium on Stack Overflow See other posts from Stack Overflow or by equilibrium
Published on 2010-01-08T05:30:45Z Indexed on 2010/06/05 13:12 UTC
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Even though we have languages like C++, Java, Python etc., why is COBOL still a preferred language in the business world?

EDIT:

Why was it so popular?

Sorry for not creating a separate thread for this question.

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